In 2023, the number of self-employed individuals in the coke and refined petroleum products manufacturing sector in Canada stood at 27 persons. In 2024, forecasts show a decline, with a reduction to 25 persons. The coming years display a continued decrease: 22 persons in 2025, 19 persons in 2026, 16 in 2027, and 14 by 2028. The year-on-year variation indicates a consistent decline of approximately 12% to 15%. The five-year CAGR highlights a general downward trend, with an average annual decrease of about 11.7%.
Future trends to watch for include:
- The impact of technological advancements on self-employment in the industry.
- Policy changes affecting the sector and how they influence market participation.
- Growth in alternative energy industries potentially reducing demand for traditional refined petroleum products.
